Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,633 shares of the company’s stock after acquiring an additional 4,919 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Airbnb were worth $3,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vinva Investment Management Ltd boosted its stake in Airbnb by 82.3% in the fourth quarter. Vinva Investment Management Ltd now owns 22,430 shares of the company’s stock valued at $2,956,000 after acquiring an additional 10,128 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Airbnb by 63.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,487 shares of the company’s stock worth $5,462,000 after buying an additional 16,086 shares during the period. Intech Investment Management LLC grew its holdings in shares of Airbnb by 121.3% during the fourth quarter. Intech Investment Management LLC now owns 7,808 shares of the company’s stock valued at $1,026,000 after buying an additional 4,279 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Airbnb during the fourth quarter valued at $1,856,000. Finally, Horizon Investments LLC grew its holdings in shares of Airbnb by 41.5% during the fourth quarter. Horizon Investments LLC now owns 12,188 shares of the company’s stock valued at $1,602,000 after buying an additional 3,575 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. DA Davidson boosted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Evercore ISI upped their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lowered their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $148.15.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the transaction, the chief technology officer now owns 184,714 shares of the company’s stock, valued at approximately $25,001,039.90. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,055,209 shares of company stock valued at $289,943,548 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Down 1.9 %

Shares of NASDAQ ABNB opened at $124.56 on Wednesday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market cap of $78.54 billion, a PE ratio of 30.16, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $135.93 and a 200 day moving average of $133.20.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.